Zempler Bank savings rates — compare every account, plus switch offers and guides

Who they are

Zempler Bank is a British challenger bank headquartered in London. Founded in 2005 as a prepaid card operator under the name Cashplus, it was granted a full UK banking licence in 2021 and rebranded as Zempler Bank in 2024. It provides digital business and personal current accounts, with a particular focus on micro-businesses, sole traders, freelancers and small and medium-sized enterprises.

In 2026, Zempler was acquired by The Access Bank UK, the subsidiary of Nigeria's Access Bank, and now operates as an independent subsidiary. The regulatory status and FSCS protection built up under the 2021 banking licence are unaffected by the change in ownership.

What Zempler offers

Zempler is primarily a current account bank rather than a savings destination. It provides personal current accounts with an overdraft facility, as well as personal and business credit cards, subject to eligibility. Zempler says it has helped more than 650,000 UK businesses open accounts. On the personal side, it is aimed at people who struggle to access mainstream banking - particularly those with a thin or poor credit history. At present, personal accounts are closed to new applications, so prospective customers will need to join a waiting list before they can sign up.

Based on our current data, Zempler does not list any savings accounts on DepositScout. If that changes, the live rates on this page will be the first place to find them.

Protection and regulation

Because Zempler operates under a full banking licence rather than an e-money licence, eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible depositor, following the scheme's December 2025 limit increase. This puts Zempler on the same statutory footing as Starling, Lloyds, Barclays, or any other licensed UK bank - and is a meaningful point of difference from competitors that are Electronic Money Institutions, whose funds are safeguarded rather than FSCS-protected. Zempler Bank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA under Firm Reference Number 671140.

Is it right for you?

If you are a sole trader, freelancer or small business looking for a digital current account with solid regulatory standing, Zempler is worth a look. If you are here primarily to find a competitive savings rate or ISA, it does not currently feature in our savings data - so it may not be the right fit for your money right now.

As always, check the live rates and products shown on this page before making any decision, as what is available can change quickly.